This is a paid press release and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor supports this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Spectre will deliver the most up to date privacy centric cryptocurrency that surpasses the anonymity features of Zcash, DASH and Monero.

Spectre was launched on 20/11/2016 and is a new concept for total security and anonymity on the blockchain. Spectrecoin was conceived of as the settlement currency for a controversial Android app that will deliver the ability to conduct global anonymous cash transfers. This can happen on a purely P2P basis and no server and no central database or register is needed.

We have a custom designed ‘zero-knowledge proof protocol’ that allows an instance of the app to reveal the number of successful trades it has been involved in, but without disclosing anything about those trades, and also without the possibility of the number of successful trades being falsified. Hence, once an instance of the app has been involved in some number of successful trades the trust rating on the network will increase.

This allows the intermediaries who facilitate the trade to prove their trustworthiness without revealing anything about their prior trades and without revealing who they are or where they are. Crucially, no record of the trade will remain anywhere once a trade has been completed. Any record is transient and there is no history. If you are a client, there will be no trace on your phone that you have ever transacted.

Both a new trade request and available intermediaries ‘announce’ anonymously through a dynamic Distributed Hash Table (DHT) that will register details of the proposed trade so that clients can find intermediaries and vice-versa. This allows the system to be totally decentralized and lets participants be totally anonymous until they mutually agree to trade within the parameters set in the app by the users.

In addition to fuelling the Android app the development team is building, Spectrecoin is a superior anonymous cryptocurrency in its own right. The lead developer ‘Mandica’ explains why Spectrecoin is different and why it has stronger anonymity features than the leading competitors: “We built Spectrecoin on a code base that employs ring signatures, which work to shroud transactions, making them untraceable. Ring signatures were invented by Ron Rivest, Adi Shamir, and Yael Tauman and is a new kind of key process. In essence, the signer of a transaction could be anyone from a defined group of users but there is no way for an attacker to uncover the identity of single user within the group. This is similar to the technique used by Monero. In addition, we use dual-key stealth addresses that will make it impossible to link transactions between a sender and a receiver. This in itself provides near perfect anonymity but to take it one step further we will use a native implementation of the Tor protocol to hide users IP addresses as well. The whole of the Spectrecoin network will run exclusively within Tor. There is no other cryptocurrency today that employs all these features and I would argue that Spectrecoin is the top anonymity coin for those reasons.”

The team is busy working to release an alpha version of the Android remittance app. As a start Spectrecoin will get its own mobile wallet for Android in the near future.

This will be a controversial project and it has far reaching consequences and the potential to upset the money transfer business.

The World Digital Mining Summit (WDMS) hosted by Bitmain – the world’s top 10 and China’s second largest fabless chipmaker… read more.

Bitcoin.com

Bitcoin.com is your premier source for everything Bitcoin-related. We can help you buy bitcoins and choose a bitcoin wallet. You can also read the latest news, or engage with the community on our Bitcoin Forum. Please keep in mind that this is a commercial website that lists wallets, exchanges and other Bitcoin-related companies.

In Case You Missed It

Greta Thunberg Joins Satoshi Questioning Bank Bailouts

Saving planet Earth is a noble goal with many different dimensions. Climate change needs to be addressed vigorously as our world warms up faster than ever. Economic development needs a higher degree of financial freedom to provide everyone access to opportunities and wealth. A teenager from Scandinavia, dubbed a “next generation leader,” has once again challenged governments and politicians. “If we can save the banks, we can save the world,” Sweden’s Greta Thunberg told those who always find money to postpone the problems but often claim real solutions are too expensive… read more.

The Bitcoin.com Wallet: Available on all platforms

Download the Bitcoin.com Wallet right to your device for easy and secure access to your bitcoins. Perfect for beginners, the Bitcoin.com Wallet makes using and holding bitcoins easy. No logins required.